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| Meta Title | Investing in individual stocks & other ETFs | Vanguard |
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Investment products
Stocks
Trade stocks with ease and no hidden fees at Vanguard Brokerage.
Already have a stock in mind?
What are stocks?
Stocks represent part ownership in a corporation. Each share of stock is a proportional stake in the corporation's assets and profits. Depending on the company, your investment value changes through fluctuation in share price or dividend payments.
Learn more about stocks
Investing in stocks at Vanguard means ...
$0
No commisions
Save for a goal, like a house or tuition. Or consider bonds if you're looking for fixed income in retirement.
See our fees & comissions
5.68%
Low E/Q
1
We're constantly working to give you the best price on trades with a low
effective over quoted spread (E/Q)
.
See how brokerage is built for you
Understand where your orders go
Effective over quoted spread (E/Q)
E/Q is the industry measurement for trade quality: the lower the percentage, the better.Â
This calculation compares an execution price to the quote. The quoted spread refers to the difference between the bid and ask prices. The effective spread is calculated by comparing the execution price to the midpoint of the National Best Bid and Offer (NBBO).
Vanguard Brokerage Services works with several trading partners to execute orders placed with us. We follow “best execution” practices so that you can get the best price for your order to buy or sell.
Here's how it works: When you place a brokerage order with us, your order makes a round trip—from you to the market and back to you. We route your order to one of our market centers, and we strive to get you the "best execution" price in a timely fashion by following these practices:
Market center reviews.
We rigorously review market centers for their system availability, service quality, and financial and regulatory standing.
Execution quality.
We evaluate the quality of how the market centers execute in one or more market segments. We consider various factors such as price improvement and overall effective price compared with the NBBO.
Price improvement.
When possible, orders are executed at a better price than the prevailing NBBO—better than the best bid for sell orders and better than the best offer for buy orders.
Investing in stocks with Vanguard Brokerage means ...
$0
No commissions to trade stocks online
Save for a goal, like a house or tuition. Or consider bonds if you're looking for fixed income in retirement.
See our fees & commissions
5.68%
Low E/Q
1
We're constantly working to give you the best price on trades with a low
effective over quoted spread (E/Q)
.
See how brokerage is built for you
Understand where your orders go
Effective over quoted spread (E/Q)
E/Q is the industry measurement for trade quality: the lower the percentage, the better.Â
This calculation compares an execution price to the quote. The quoted spread refers to the difference between the bid and ask prices. The effective spread is calculated by comparing the execution price to the midpoint of the National Best Bid and Offer (NBBO).
Vanguard Brokerage Services works with several trading partners to execute orders placed with us. We follow “best execution” practices so that you can get the best price for your order to buy or sell.
Here's how it works: When you place a brokerage order with us, your order makes a round trip—from you to the market and back to you. We route your order to one of our market centers, and we strive to get you the "best execution" price in a timely fashion by following these practices:
Market center reviews.
We rigorously review market centers for their system availability, service quality, and financial and regulatory standing.
Execution quality.
We evaluate the quality of how the market centers execute in one or more market segments. We consider various factors such as price improvement and overall effective price compared with the NBBO.
Price improvement.
When possible, orders are executed at a better price than the prevailing NBBO—better than the best bid for sell orders and better than the best offer for buy orders.
For illustrative purposes only
Invest in hundreds of stocks with just one ETF
Diversify your portfolio without worrying about investing in and managing multiple individual stocks. You can choose from a variety of Vanguard stock funds or other individual stocks of your choice.
Benefits of investing in stocks
Benefits of investing in stocks
Potential for higher returns
Stocks have historically provided higher returns compared to other investment options; however, you’ll want to keep in mind that higher reward can have higher risk.
Ownership and dividends
When you invest in stocks, you become a partial owner of the company and could receive dividends.
Flexibility
You can choose from a wide range of stocks that align to your financial goals and personal preferences.
How to buy stocks at Vanguard
How to buy stocks at Vanguard
Want to learn more about stocks?
Stock trading strategies for experienced investors
In addition to commission-free online stock trading and high-quality trade execution, you can invest using sophisticated trading techniques.
Stock trading strategies for experienced investors
In addition to commission-free online stock trading and high-quality trade execution, you can invest using sophisticated trading techniques.
Buy & sell options
Options are complex investments that involve a high degree of risk, so they're best suited for experienced investors.
2
Compound your earnings
A no-fee, no-commission reinvestment program that allows you to reinvest dividends and/or capital gains distributions.
Other investing resources
Investing on your own?
Check out key information you can use as you begin your DIY investing journey.
Get professional advice
We offer expert help at the low cost we're known for.
Other investment products
We have a variety of products to select from. See which best fits your needs.
1
For market orders on the S&P 500 Index sizes 100–499 for the 12-month period ending December 31, 2025.
2
Options are a leveraged investment and aren't suitable for every investor. Options involve risk, including the possibility that you could lose more money than you invest. Before buying or selling options, you must receive a copy of Characteristics and Risks of Standardized Options issued by OCC. A copy of this booklet is available atÂ
theocc.com
. It may also be obtained from your broker, any exchange on which options are traded, or by contacting OCC at 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 (888-678-4667 or 888-OPTIONS). The booklet contains information on options issued by OCC. It's intended for educational purposes. No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. Call The Options Industry Council (OIC) helpline at 888-OPTIONS or visitÂ
optionseducation.org
 for more information. The OIC can provide you with balanced options education and tools to assist you with your options questions and trading.
For more information about Vanguard funds or ETFs, visit
vanguard.com
to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.
You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free online) or through another broker (who may charge commissions). See the
Vanguard Brokerage Services Commission and Fee Schedules
 for limits. Vanguard ETF Shares are not redeemable directly with the issuing Fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.
Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.
The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor.
Find VAI's Form CRS and each program's advisory brochure here for an overview
.
VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses. |
| Markdown | 1. [Home](https://investor.vanguard.com/) /
2. [Investment products](https://investor.vanguard.com/investment-products) /
3. Stocks /
# Stocks
Trade stocks with ease and no hidden fees at Vanguard Brokerage.
[Open an account](https://personal1.vanguard.com/mmx-move-money/funding-method)
## Already have a stock in mind?
## What are stocks?
Stocks represent part ownership in a corporation. Each share of stock is a proportional stake in the corporation's assets and profits. Depending on the company, your investment value changes through fluctuation in share price or dividend payments.
[Learn more about stocks](https://investor.vanguard.com/investor-resources-education/understanding-investment-types/what-is-a-stock "click to learn more about stock's")
## Investing in stocks at Vanguard means ...
\$0
No commisions
Save for a goal, like a house or tuition. Or consider bonds if you're looking for fixed income in retirement.
[See our fees & comissions](https://investor.vanguard.com/client-benefits/investment-fees)
5\.68%
Low E/Q1
We're constantly working to give you the best price on trades with a low [effective over quoted spread (E/Q)](https://investor.vanguard.com/investment-products/stocks#modal-effectivequoteoverspread).
[See how brokerage is built for you](https://investor.vanguard.com/about-us/brokerage-order-execution-quality)
[Understand where your orders go](https://investor.vanguard.com/investor-resources-education/online-trading/trade-execution)
## Effective over quoted spread (E/Q)
E/Q is the industry measurement for trade quality: the lower the percentage, the better.
This calculation compares an execution price to the quote. The quoted spread refers to the difference between the bid and ask prices. The effective spread is calculated by comparing the execution price to the midpoint of the National Best Bid and Offer (NBBO).
Vanguard Brokerage Services works with several trading partners to execute orders placed with us. We follow “best execution” practices so that you can get the best price for your order to buy or sell.
Here's how it works: When you place a brokerage order with us, your order makes a round trip—from you to the market and back to you. We route your order to one of our market centers, and we strive to get you the "best execution" price in a timely fashion by following these practices:
- **Market center reviews.** We rigorously review market centers for their system availability, service quality, and financial and regulatory standing.
- **Execution quality.** We evaluate the quality of how the market centers execute in one or more market segments. We consider various factors such as price improvement and overall effective price compared with the NBBO.
- **Price improvement.** When possible, orders are executed at a better price than the prevailing NBBO—better than the best bid for sell orders and better than the best offer for buy orders.
\$0
No account minimums
There are no account minimums to buy stocks in your Vanguard Brokerage Account.
[Learn more about settlement funds](https://investor.vanguard.com/investor-resources-education/online-trading/settlement-fund)
## Investing in stocks with Vanguard Brokerage means ...
\$0
No commissions to trade stocks online
Save for a goal, like a house or tuition. Or consider bonds if you're looking for fixed income in retirement.
[See our fees & commissions](https://investor.vanguard.com/client-benefits/investment-fees)
5\.68%
Low E/Q1
We're constantly working to give you the best price on trades with a low [effective over quoted spread (E/Q)](https://investor.vanguard.com/investment-products/stocks#modal-effectivequoteoverspread).
[See how brokerage is built for you](https://investor.vanguard.com/about-us/brokerage-order-execution-quality)
[Understand where your orders go](https://investor.vanguard.com/investor-resources-education/online-trading/trade-execution)
## Effective over quoted spread (E/Q)
E/Q is the industry measurement for trade quality: the lower the percentage, the better.
This calculation compares an execution price to the quote. The quoted spread refers to the difference between the bid and ask prices. The effective spread is calculated by comparing the execution price to the midpoint of the National Best Bid and Offer (NBBO).
Vanguard Brokerage Services works with several trading partners to execute orders placed with us. We follow “best execution” practices so that you can get the best price for your order to buy or sell.
Here's how it works: When you place a brokerage order with us, your order makes a round trip—from you to the market and back to you. We route your order to one of our market centers, and we strive to get you the "best execution" price in a timely fashion by following these practices:
- **Market center reviews.** We rigorously review market centers for their system availability, service quality, and financial and regulatory standing.
- **Execution quality.** We evaluate the quality of how the market centers execute in one or more market segments. We consider various factors such as price improvement and overall effective price compared with the NBBO.
- **Price improvement.** When possible, orders are executed at a better price than the prevailing NBBO—better than the best bid for sell orders and better than the best offer for buy orders.
\$0
No account minimums
There are no account minimums to buy stocks in your Vanguard Brokerage Account.
[Learn more about settlement funds](https://investor.vanguard.com/investor-resources-education/online-trading/settlement-fund)
*For illustrative purposes only*
## Invest in hundreds of stocks with just one ETF
Diversify your portfolio without worrying about investing in and managing multiple individual stocks. You can choose from a variety of Vanguard stock funds or other individual stocks of your choice.
[Check out Vanguard ETFs](https://investor.vanguard.com/investment-products/list/etfs?assetclass=equity)
## Benefits of investing in stocks
## Benefits of investing in stocks
### Potential for higher returns
Stocks have historically provided higher returns compared to other investment options; however, you’ll want to keep in mind that higher reward can have higher risk.
### Ownership and dividends
When you invest in stocks, you become a partial owner of the company and could receive dividends.
### Flexibility
You can choose from a wide range of stocks that align to your financial goals and personal preferences.
## How to buy stocks at Vanguard
## How to buy stocks at Vanguard
[Open an account now](https://personal1.vanguard.com/mmx-move-money/funding-method)
[Learn about different stock order types](https://investor.vanguard.com/investor-resources-education/online-trading/stock-order-types)
## Want to learn more about stocks?
Investing strategies
### [IPOs: What to know](https://investor.vanguard.com/investor-resources-education/news/ipos-what-to-know "IPOs: What to know")
Educating investors on all things IPO-related.
Article
Online trading
Investment types
### [What are equity or stock funds?](https://investor.vanguard.com/investor-resources-education/understanding-investment-types/what-are-equity-stock-funds "What are equity or stock funds?	")
Equity mutual funds and ETFs (exchange-traded funds) invest in a diverse mix of stocks.
Education
Stocks
Investing strategies
### [Stock and ETF order types: Understanding market, limit, and stop orders](https://investor.vanguard.com/investor-resources-education/online-trading/stock-order-types "Stock and ETF order types: Understanding market, limit, and stop orders")
To understand when you might want to place a specific order type, check out these examples.
Education
Online trading
## Stock trading strategies for experienced investors
In addition to commission-free online stock trading and high-quality trade execution, you can invest using sophisticated trading techniques.
## Stock trading strategies for experienced investors
In addition to commission-free online stock trading and high-quality trade execution, you can invest using sophisticated trading techniques.
### Trade on margin
Want to borrow the cash or securities you need to complete a trade or short sale?
- [Learn more about margin accounts](https://investor.vanguard.com/client-benefits/margin)
- [Complete the Margin Account Application online](https://logon.vanguard.com/logon?TYPE=33554433&REALMOID=06-000b9f0a-d7d0-1398-bf0e-2d1c0aa90000&GUID=&SMAUTHREASON=0&METHOD=GET&SMAGENTNAME=api-ecs-us-east-1-retp-c1-vanguard-com&TARGET=$SM$%2Feel-esign-summary-webapp%2F%3FinterviewId%3D9c35b0af-6d84-47f6-9f57-fb617233e482%26ELF_ENTRY_POINT%3Dtrue)
### Buy & sell options
Options are complex investments that involve a high degree of risk, so they're best suited for experienced investors.2
[Learn more about options trading](https://investor.vanguard.com/investor-resources-education/online-trading/options-trading)
### Compound your earnings
A no-fee, no-commission reinvestment program that allows you to reinvest dividends and/or capital gains distributions.
[Learn more about dividend reinvestment](https://investor.vanguard.com/client-benefits/dividend-reinvestment)
## Other investing resources
## Investing on your own?
Check out key information you can use as you begin your DIY investing journey.
[Get DIY Resources](https://investor.vanguard.com/how-to-invest-on-your-own)
## Get professional advice
We offer expert help at the low cost we're known for.
[Compare advice services](https://investor.vanguard.com/advice)
## Other investment products
We have a variety of products to select from. See which best fits your needs.
[Learn about other investments](https://investor.vanguard.com/investment-products)
1For market orders on the S\&P 500 Index sizes 100–499 for the 12-month period ending December 31, 2025.
2**Options are a leveraged investment and aren't suitable for every investor. Options involve risk, including the possibility that you could lose more money than you invest. Before buying or selling options, you must receive a copy of Characteristics and Risks of Standardized Options issued by OCC. A copy of this booklet is available at [theocc.com](http://www.theocc.com/). It may also be obtained from your broker, any exchange on which options are traded, or by contacting OCC at 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 (888-678-4667 or 888-OPTIONS). The booklet contains information on options issued by OCC. It's intended for educational purposes. No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. Call The Options Industry Council (OIC) helpline at 888-OPTIONS or visit [optionseducation.org](http://www.optionseducation.org/) for more information. The OIC can provide you with balanced options education and tools to assist you with your options questions and trading.**
**For more information about Vanguard funds or ETFs, visit [vanguard.com](https://investor.vanguard.com/ "The Vanguard Group website.") to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.**
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.
**You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free online) or through another broker (who may charge commissions). See the [Vanguard Brokerage Services Commission and Fee Schedules](https://investor.vanguard.com/client-benefits/brokerage-fees-commissions) for limits. Vanguard ETF Shares are not redeemable directly with the issuing Fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.**
Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.
The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor. [Find VAI's Form CRS and each program's advisory brochure here for an overview](https://personal1.vanguard.com/ngf-next-gen-form-webapp/forms).
VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses. |
| Readable Markdown | 1. [Home](https://investor.vanguard.com/)
2. [Investment products](https://investor.vanguard.com/investment-products)
3. Stocks
Trade stocks with ease and no hidden fees at Vanguard Brokerage.
Already have a stock in mind?
What are stocks?
Stocks represent part ownership in a corporation. Each share of stock is a proportional stake in the corporation's assets and profits. Depending on the company, your investment value changes through fluctuation in share price or dividend payments.
[Learn more about stocks](https://investor.vanguard.com/investor-resources-education/understanding-investment-types/what-is-a-stock "click to learn more about stock's")
Investing in stocks at Vanguard means ...
\$0
No commisions
Save for a goal, like a house or tuition. Or consider bonds if you're looking for fixed income in retirement.
[See our fees & comissions](https://investor.vanguard.com/client-benefits/investment-fees)
5\.68%
Low E/Q1
We're constantly working to give you the best price on trades with a low [effective over quoted spread (E/Q)](https://investor.vanguard.com/investment-products/stocks#modal-effectivequoteoverspread).
[See how brokerage is built for you](https://investor.vanguard.com/about-us/brokerage-order-execution-quality)
[Understand where your orders go](https://investor.vanguard.com/investor-resources-education/online-trading/trade-execution)
## Effective over quoted spread (E/Q)
E/Q is the industry measurement for trade quality: the lower the percentage, the better.
This calculation compares an execution price to the quote. The quoted spread refers to the difference between the bid and ask prices. The effective spread is calculated by comparing the execution price to the midpoint of the National Best Bid and Offer (NBBO).
Vanguard Brokerage Services works with several trading partners to execute orders placed with us. We follow “best execution” practices so that you can get the best price for your order to buy or sell.
Here's how it works: When you place a brokerage order with us, your order makes a round trip—from you to the market and back to you. We route your order to one of our market centers, and we strive to get you the "best execution" price in a timely fashion by following these practices:
- **Market center reviews.** We rigorously review market centers for their system availability, service quality, and financial and regulatory standing.
- **Execution quality.** We evaluate the quality of how the market centers execute in one or more market segments. We consider various factors such as price improvement and overall effective price compared with the NBBO.
- **Price improvement.** When possible, orders are executed at a better price than the prevailing NBBO—better than the best bid for sell orders and better than the best offer for buy orders.
Investing in stocks with Vanguard Brokerage means ...
\$0
No commissions to trade stocks online
Save for a goal, like a house or tuition. Or consider bonds if you're looking for fixed income in retirement.
[See our fees & commissions](https://investor.vanguard.com/client-benefits/investment-fees)
5\.68%
Low E/Q1
We're constantly working to give you the best price on trades with a low [effective over quoted spread (E/Q)](https://investor.vanguard.com/investment-products/stocks#modal-effectivequoteoverspread).
[See how brokerage is built for you](https://investor.vanguard.com/about-us/brokerage-order-execution-quality)
[Understand where your orders go](https://investor.vanguard.com/investor-resources-education/online-trading/trade-execution)
## Effective over quoted spread (E/Q)
E/Q is the industry measurement for trade quality: the lower the percentage, the better.
This calculation compares an execution price to the quote. The quoted spread refers to the difference between the bid and ask prices. The effective spread is calculated by comparing the execution price to the midpoint of the National Best Bid and Offer (NBBO).
Vanguard Brokerage Services works with several trading partners to execute orders placed with us. We follow “best execution” practices so that you can get the best price for your order to buy or sell.
Here's how it works: When you place a brokerage order with us, your order makes a round trip—from you to the market and back to you. We route your order to one of our market centers, and we strive to get you the "best execution" price in a timely fashion by following these practices:
- **Market center reviews.** We rigorously review market centers for their system availability, service quality, and financial and regulatory standing.
- **Execution quality.** We evaluate the quality of how the market centers execute in one or more market segments. We consider various factors such as price improvement and overall effective price compared with the NBBO.
- **Price improvement.** When possible, orders are executed at a better price than the prevailing NBBO—better than the best bid for sell orders and better than the best offer for buy orders.
*For illustrative purposes only*
## Invest in hundreds of stocks with just one ETF
Diversify your portfolio without worrying about investing in and managing multiple individual stocks. You can choose from a variety of Vanguard stock funds or other individual stocks of your choice.
Benefits of investing in stocks
Benefits of investing in stocks
### Potential for higher returns
Stocks have historically provided higher returns compared to other investment options; however, you’ll want to keep in mind that higher reward can have higher risk.
### Ownership and dividends
When you invest in stocks, you become a partial owner of the company and could receive dividends.
### Flexibility
You can choose from a wide range of stocks that align to your financial goals and personal preferences.
How to buy stocks at Vanguard
How to buy stocks at Vanguard
Want to learn more about stocks?
## Stock trading strategies for experienced investors
In addition to commission-free online stock trading and high-quality trade execution, you can invest using sophisticated trading techniques.
## Stock trading strategies for experienced investors
In addition to commission-free online stock trading and high-quality trade execution, you can invest using sophisticated trading techniques.
### Buy & sell options
Options are complex investments that involve a high degree of risk, so they're best suited for experienced investors.2
### Compound your earnings
A no-fee, no-commission reinvestment program that allows you to reinvest dividends and/or capital gains distributions.
Other investing resources
Investing on your own?
Check out key information you can use as you begin your DIY investing journey.
Get professional advice
We offer expert help at the low cost we're known for.
Other investment products
We have a variety of products to select from. See which best fits your needs.
1For market orders on the S\&P 500 Index sizes 100–499 for the 12-month period ending December 31, 2025.
2**Options are a leveraged investment and aren't suitable for every investor. Options involve risk, including the possibility that you could lose more money than you invest. Before buying or selling options, you must receive a copy of Characteristics and Risks of Standardized Options issued by OCC. A copy of this booklet is available at [theocc.com](http://www.theocc.com/). It may also be obtained from your broker, any exchange on which options are traded, or by contacting OCC at 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 (888-678-4667 or 888-OPTIONS). The booklet contains information on options issued by OCC. It's intended for educational purposes. No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. Call The Options Industry Council (OIC) helpline at 888-OPTIONS or visit [optionseducation.org](http://www.optionseducation.org/) for more information. The OIC can provide you with balanced options education and tools to assist you with your options questions and trading.**
**For more information about Vanguard funds or ETFs, visit [vanguard.com](https://investor.vanguard.com/ "The Vanguard Group website.") to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.**
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.
**You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free online) or through another broker (who may charge commissions). See the [Vanguard Brokerage Services Commission and Fee Schedules](https://investor.vanguard.com/client-benefits/brokerage-fees-commissions) for limits. Vanguard ETF Shares are not redeemable directly with the issuing Fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.**
Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.
The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor. [Find VAI's Form CRS and each program's advisory brochure here for an overview](https://personal1.vanguard.com/ngf-next-gen-form-webapp/forms).
VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses. |
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| Root Hash | 13420405374242170480 |
| Unparsed URL | com,vanguard!investor,/investment-products/stocks s443 |